In recent months, regulatory and law enforcement authorities have issued statements and guidance to the financial industry at a pace that is robust by historical standards and surprising amid a global pandemic. Amid ever-growing penalties for noncompliance, ensuring your second- and third-line personnel remains vigilant has never been more important. This practical, interactive panel will discuss, among other topics:
- Proposed revisions to foundational BSA/AML program requirements and a new interagency approach to enforcement
- Recent FinCEN rules and guidance on PEPs, Hemp and cyber-crime
- OFAC developments regarding China, Iran and other sanctions programs
- Risks and considerations regarding ransomware payments
- The “FinCEN Files” leak - implications and lessons learned
